July 28, 2013
Both as an investor and as a citizen, I strongly urge the SEC to issue a rule requiring publicly traded corporations to publicly disclose ALL their political spending. This has been sitting since 2011, and events since then, particularly the massive expenditures of secret funds in last year's election, have made PROMPT action imperative -- certainly well before next year's election and the probability of more and more massive legal corporate corruption associated unless the SEC decides to act in the public interest.
Please be reminded that corporations are supposed to be run for the benefit of the investors, not for management. And there was a time when the head of a major corporation could say that for years he thought that, "what was good for the country was good for General Motors and vice versa." It is VERY hard to believe that sneaking massive amounts of hidden campaigns into elections is good for anyone.
I am calling on the SEC to implement a rule calling for adequate public disclosures of secret campaign contributions.
Sincerely,
Edward Allan